On Wednesday 18 October 2017 the House of Lords EU
Financial Affairs Sub-Committee will take evidence from
representatives of industry groups such as the City of London
Corporation, UK Finance, International Regulatory Strategy Group,
and the Association for Financial Markets in
Europe.
The first panel is at 10.15am and the Committee will
hear from:
-
,
Chairman, Flood Re and Chairman, ISRG
-
Rachel Kent, Partner, Hogan Lovells
-
Catherine McGuinness, Policy Chairman, City of
London Corporation.
Questions the Committee is likely to ask
include:
-
What the key priorities of the UK financial
services sector are for regulation and
supervision;
-
How these priorities differ across financial and
related professional services;
-
What the legal options are for continued market
access between the UK and EU;
-
What alternatives to equivalence
exist;
-
How the EU (Withdrawal) Bill process will impact
upon financial services.
The second panel is at 11.15am and the Committee will
hear from:
-
Stephen Jones, Chief Executive, UK
Finance
-
Simon Lewis, Chief Executive, Association for
Financial Markets in Europe.
Questions the Committee is likely to ask
include
-
How aligned the priorities and requirements of the
UK and EU financial services sectors are on future regulation
and supervision;
-
How deep industry support across the EU is for a
future agreement on mutual access;
-
What the direction of travel is in EU financial
governance;
-
Where divergence might arise between the two
regimes;
-
Where there is scope for the UK to innovate on
financial services regulation in future.
The Committee is examining how financial regulation
and supervision can evolve following Brexit in order to ensure
financial stability, and potentially to maintain equivalence or
some other form of close relationship between the UK and EU
regulatory regimes in order to preserve market
access.
The evidence session will take place at
10.15am on Wednesday 18 October 2017 in Committee Room 4A of the
House of Lords.
